Trump Elevates Global Tariff to 15% in Defiant Trade Push

1 min read
Source: The New York Times
Trump Elevates Global Tariff to 15% in Defiant Trade Push
Photo: The New York Times
TL;DR Summary

President Trump announced on social media that the global tariff will rise to 15% and take effect immediately, continuing his aggressive tariff strategy after the Supreme Court invalidated earlier duties. The 15% rate replaces the prior 10% rate with some exemptions (agriculture, Canada–Mexico under USMCA, certain Central American deals) and will apply to all other countries, while the administration signals use of other powers like Section 301 and Section 232 for further tariffs. The move aims to pressure allies and rivals to strike favorable terms, but risks higher costs for American consumers and businesses.

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